| In this article we're going to discuss what to do if you | | | | continuing transactions. In this case canceling the card |
| are the victim of credit card fraud or if you want to do | | | | won't be enough because banks usually carry over |
| what you can to minimize the risk of being such a | | | | charges from one card to another. So in order to |
| victim.One of the best things you can do to prevent | | | | completely clean up your account you may have to |
| credit card fraud is switch to cards like the American | | | | change banks as well. This will all depend on how good |
| Express Blue Card. What American Express does it | | | | your bank is at blocking charges, especially if your card |
| centralize its transaction verification and Merchant | | | | has been widely circulated.Another thing you can do is |
| Account tracking. This makes their cards much more | | | | phone the FTC hotline number for credit card fraud. |
| fraud resistant. Also, because Visa and Mastercard | | | | They have been set up to deal with this problem |
| have the majority of the credit card market, this | | | | specifically. There is also a form that you can fill out |
| makes American Express a less likely target. In most | | | | online to determine if you are eligible for a refund.A |
| cases of American Express fraud, which are relatively | | | | problem that you may run into is that some banks will |
| rare, the customers are reimbursed immediately and | | | | refuse to reimburse charges that are over 60 days |
| without question. Also, American Express has much | | | | old. If this happens your only recourse is to report the |
| more friendly customer service procedures for | | | | bank to the Federal authorities and let them handle the |
| handling fraud problems. In 2002 they added what are | | | | problem.When looking for a new bank, or for that |
| called Amex Private Payments, which are one time | | | | matter a first bank to get your first card, look for one |
| use disposable credit card numbers. This virtually | | | | that has a good anti fraud record. This information is |
| makes fraud impossible unless the card is lost or | | | | available online and through several agencies of the |
| stolen. And then it is simply a matter of reporting it in | | | | FTC.Use as few credit cards as possible. The fewer |
| time.Another thing you can do is go to a firm that | | | | cards you use the less chance of being victim of |
| handles refund requests. Most of these are appointed | | | | fraud. Also try to use your cards as little as |
| by Federal Agencies that investigate fraud. These | | | | possible.Check your credit card statements carefully to |
| firms specialize in this type of litigation and will be most | | | | make sure that there are no charges that don't belong |
| qualified to handle your complaint as quickly and as | | | | there and request credit reports so that you can see if |
| cost effectively as possible. The majority of fraud | | | | there has been any unusual activity on your |
| complaints handled by these firms rule in favor of the | | | | account.By doing the above things you will greatly |
| plaintiff.Unfortunately there are times when your only | | | | minimize the risk of being the victim of fraud and have |
| recourse is to cancel your credit card and change | | | | the best chance of being refunded should a fraud |
| banks. Usually what happens when a card number is | | | | occur. |
| stolen is that the issuing bank is unable to block | | | | |